Activist investor Starboard acquires stake in Match Group, owner of Tinder, Match, and OkCupid.
Activist investor Starboard has taken a stake in Match Group, which owns dating platforms including Tinder, Match, and OkCupid. Starboard has a strong track record of improving operational efficiency and margins, with an average return of 25.46% versus the Russell 2000. Possible steps Starboard may take to lift Match shares include focusing on operational efficiency, margin improvement, and potentially implementing a strategic plan.
July 20, 2024
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